19Jun3:37 pmEST
We May Be in the Tommy Cheeseballs Phase of This Market
Just in time for summer at the Jersey Shore, we may be in for a few days of highly speculative action as even the trashy, downtrodden names get involved in the fun.
As an example, while their charts are actually decent, the 3D printing plays perking up may be a sign that extreme animal spirits are rising up, as the opening market gap higher this morning was met with a good deal of skepticism from traders.
However, the market did not fade. And headed into tomorrow there are still a fair amount of long setups of which to keep track.
Also keep an eye out for smaller biotech and healthcare plays which could easily put the hurt on shorts.
Bears may very well get their summer correction. But they may have to endure some long, hard-partying nights at the Jersey Shore first in terms of bulls having fun at their expense.
Stay tuned for my recap after the bell.
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